Yuk Wing Group (HKG:1536) plans to raise about HK$134.9 million through a 3-for-1 rights issue of up to around 1.37 billion shares, according to a Thursday Hong Kong bourse filing.
The company has set Sept. 24 as record date for the non-underwritten rights issue, according to a same-day Hong Kong bourse filing.
The proceeds will mainly be used to settle deferred payments, exercise a call option and fund business development and for general working capital.
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